Bajaj Allianz Life Nifty 200 Momentum 30 Index Fund

Eligibility Criteria

• Minimum listing history of 1 year of stock
• Top 30 stocks with the highest Normalized Momentum Score are selected
• The index is reconstituted on a semi-annual basis in June and December
• Stocks from Nifty 200 index at the time of review are eligible for inclusion in the index

Portfolio Weightage:

• Weight of the stock in the index is derived by multiplying the free float market cap with the Normalized Momentum Score of that stock
• Stock weights are capped at the lower of 5% or 5 times the weight of the stock in the index based only on free float market capitalization

Why Nifty 200 Momentum 30 Index?

 

• High Growth Potential

  The Nifty 200 Momentum 30 Index includes 30 stocks with the highest normalized momentum score in the Nifty 200 index. The historical allocation suggests that the index is a blend of Large Cap & Mid Cap segment. This segment tends to outperform the market/benchmark in the long-term, offering high growth potential, but also come with relatively higher risk profile.

• Diversification

  Investing in an index fund that tracks the Nifty 200 Momentum 30 Index provides exposure to a diversified set of high-performing stocks across various sectors.

• Transparency

  Since it tracks an established index, investors can easily monitor the fund's portfolio holdings and performance.

• Passive Investing

Investing in an index fund that tracks the Nifty 200 Momentum 30 Index is a passive approach, which means fund manager doesn’t need to make individual stock selection (hands-off approach).

• The historical index allocation between Large & Mid Cap suggests, it increases in mid cap in market bull run whereas Large cap allocation increases in bear markets.
• In last ~5 years, the quarterly average allocation between Large Cap & Mid Cap stocks is almost equal, 56% & 44%, respectively.

Source: NSE, Respective Index Factsheets, Data as on 31 Oct 2024

 

Nifty 200 Momentum 30 Index Fund Performance:

• Nifty 200 Momentum 30 index has delivered 54.2% return over the last one year, helped by market buoyancy & momentum (esp. in mid cap stocks).
• Over the long term (7 Yrs. & 10 Yrs.), Nifty 200 Momentum 30 index has outperformed other market cap (large/mid/small-cap) indices by a considerable margin.

• Nifty 200 Momentum 30 index, in most of the time periods has outperformed the broader market indices.
• Nifty 200 Momentum 30 index has outperformed the Nifty 50 index in 8 out of last 11 calendar years (Including CYTD-Oct’24).

 

 

Nifty 200 Momentum 30 Index - Top Holdings & Sector Allocation